BTC Update - Bears are coming
In reference with previous post.
Price dropped from your level of 61-70% zone and broke to new low, price has made a 5 wave downside to make a possible wave and wave 2 is looks like complete at 100741 level and new low of 93270 is possible inner wave of wave 3, which is 100% from high of wave 2, is it can be a wxy irregular correction of is being completed at 99189.
Internal pattern of Irregular wxy looks like wave A has completed at 98949 but going through internal pattern of A we see a sharp move from bottom to 98042, and we have 3 move upside from there to 98949, and irregular C ending at 97599, B looks like completed here and C resume upside and ended at 99144, which is 100% of A to B. Y of C is slow and sluggish but get to the target.
So we can expect another move down to lows, if price breaks to upside, it can a start a complex correction.
That my study
Price dropped from your level of 61-70% zone and broke to new low, price has made a 5 wave downside to make a possible wave and wave 2 is looks like complete at 100741 level and new low of 93270 is possible inner wave of wave 3, which is 100% from high of wave 2, is it can be a wxy irregular correction of is being completed at 99189.
Internal pattern of Irregular wxy looks like wave A has completed at 98949 but going through internal pattern of A we see a sharp move from bottom to 98042, and we have 3 move upside from there to 98949, and irregular C ending at 97599, B looks like completed here and C resume upside and ended at 99144, which is 100% of A to B. Y of C is slow and sluggish but get to the target.
So we can expect another move down to lows, if price breaks to upside, it can a start a complex correction.
That my study
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.